3430 Elm Avenue, Long Beach, CA, US, 90807
3430 Elm Avenue, Long Beach, CA, US, 90807Basics
- Date added: Added 4 days ago
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Floors: 2
- Lot size: 28114, 28114 sq ft
- Year built: 1964
- Zoning: LB4RN
- County: Los Angeles
- MLS ID: OC24133197
Description
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Description:
Back on the Market: This is a great opportunity for a buyer who can perform! There is only UPSIDE HERE!
Discover an exceptional investment opportunity in Bixby with this well-maintained multi-family residential income portfolio. This portfolio presents an attractive opportunity consisting of 28 2-bedroom units, each offering 1.5 or 1.75 baths.
Building 1: 3430 ELM AVENUE
14 units all 2 bedrooms and 1.5 bath
Building 2: 3440 ELM AVENUE:
14 units all 2 bedrooms and 1.75 bath
**Key Features:**
- **Location:** Conveniently situated close to freeways and downtown Bixby, providing easy access to amenities and commuter routes. Atlantic and Wardlow, 405 Highway, Metrolink, and public transportation are available. They are close to hospitals, retail shopping centers, and parks.
- **Unit Configuration:** All units are spacious 2-bedroom layouts, designed to appeal to a wide range of tenants seeking comfort and convenience.
Units can be renovated to generate higher market rent.
- **Maintenance:** Well-maintained buildings with recent updates. New Boiler in 3430, Resident Manager on-site. Newly updated units.
- **Community Amenities:** Nearby parks, shopping, dining, and entertainment options enhance tenant satisfaction and attract potential renters.
- **Parcel Details:** Comprising two separate parcels sold as one portfolio, providing flexibility and potential for future development or management strategies.
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Location
- Directions: 405 Exit Atlantic or Wardlow
- Lot Size Acres: 0.6454 acres
Building Details
- Water Source: Public
- Lot Features: TwoToFiveUnitsAcre,NearPublicTransit
- Building Area Units: SquareFeet
- Construction Materials: Drywall,Concrete,Stucco
- Fencing: Security
- Number Of Buildings: 2
Amenities & Features
- Security Features: GatedCommunity,ResidentManager,SmokeDetectors
- Parking Total: 24
- Roof: Composition
- Utilities: ElectricityConnected,NaturalGasConnected,PhoneAvailable,SewerConnected,WaterConnected
- Cooling: WallWindowUnits
- Electric: Standard
- Heating: WallFurnace
- Laundry Features: CommonArea
Expenses, Fees & Taxes
- Trash Expense: $18,443
- Supplies Expense: $1,662
- Maintenance Expense: $2,500
- Tax Annual Amount: $22,992
- Electric Expense: $6,758
- Insurance Expense: $20,800
- Tax Year: 2023
- Water Sewer Expense: $17,117
Miscellaneous
- List Office Name: Realty One Group West
- Listing Terms: Cash,Conventional,Submit
- Common Interest: None
- Community Features: Gated
- Current Use: Residential
- Attribution Contact: 949-302-6990